MasterBrand (NYSE:MBC) Given New $19.00 Price Target at Loop Capital

MasterBrand (NYSE:MBC) had its price objective trimmed by Loop Capital from $21.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

MasterBrand Stock Down 3.2 %

Shares of NYSE:MBC opened at $14.29 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $1.82 billion, a PE ratio of 14.73 and a beta of 1.58. MasterBrand has a 52 week low of $13.90 and a 52 week high of $20.67. The firm has a 50 day simple moving average of $15.98 and a 200 day simple moving average of $16.66.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $667.70 million during the quarter, compared to analysts’ expectations of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

Institutional Investors Weigh In On MasterBrand

Several hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock valued at $37,000 after buying an additional 1,549 shares during the period. Quest Partners LLC increased its stake in MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after buying an additional 821 shares during the period. Public Employees Retirement System of Ohio increased its stake in MasterBrand by 52.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after buying an additional 1,216 shares during the period. KBC Group NV increased its stake in MasterBrand by 52.0% in the 4th quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after buying an additional 1,983 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in MasterBrand by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after buying an additional 1,364 shares during the period. Hedge funds and other institutional investors own 87.32% of the company’s stock.

About MasterBrand

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.